Use the following selected information from Allen Company to determine the Year 1 and Year...
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Accounting
Use the following selected information from Allen Company to determine the Year 1 and Year 2 common size percentages for operating expenses using Net sales as the base. Year 2 Year 1 Net sales $ 538,600 $ 436,200 Cost of goods sold 223,900 135,830 Operating expenses 81,640 78,680 Net earnings 41,260 29,260
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